In this piece, I take a look at four of his suggestions to improve corporate governance: sponsor independence, directorship limits, watchlists and the role of lawyers on boards.
In any well-functioning market, scrutiny is not a threat — it is a necessity. The idea of the “loving critic”, recently articulated by National University of Singapore Professor Mak Yuen Teen, reflects an important truth: robust governance frameworks benefit from challenge, debate and diverse perspectives.
Such voices play a valuable role in surfacing issues, sharpening thinking and prompting reflection. At the same time, it is equally important that these discussions are grounded in a full appreciation of the regulatory frameworks and market realities within which companies and directors operate.
